Other Stuff
How often do you need to fill out the FAFSA?
Annually
This amount represents the total estimated student loan debt that remains unpaid.
$1 trillion
What is the 4th Foundation?
Pay cash for college
What should you not do when it comes to paying for your education?
ask your parents to take out a loan
This is a 2 year college that offers an associate's degree
community college
What are some ways to invest in yourself?
Read books
Find a mentor
Surround yourself with people who have similar goals
Our society thinks student loan debt is ____________ and that it is an acceptable way to pay for college.
Normal
How many nonfiction books does the average millionaire read per month?
One
A form that is completed annually to determine eligibility for financial aid
FAFSA
This has professional trainers who use a combination of hands-on training and formal classroom training
on-the-job training
A myth most people believe is that a student loan is an _______.
Award
_________% of college students graduate with student loans
66
When shopping for colleges, how many colleges should you narrow your choices to?
6 schools or less
This does not have to be repaid and is usually awarded based on academic, athletic, or other achievements
scholarship
This school allows students to learn basic professional skills; cuts out many of the general courses required in traditional universities
trade school
A myth people believe is that scholarships are for the highest ____________ achievers.
academic
This is the average amount of time it takes to repay back student loans
10 years
True/False
False
This does not have to be repaid; usually given to students who demonstrate financial need
grant
This person starts their own business
entrepreneur
List a reason you should visit your college's financial aid office.
Medical situation
Financial situation
Problems with financial aid process
What are three reasons you should avoid student loans
Repayment can take 10 or more years
limits your choices and possibilities
may fall behind and even default loan payments
students drop out due to debt and still have to repay
You must go to a prestigious school in order for employers to recognize your talents and strengths
True/False
False
This program allows students to work part time while continuing their studies
work study
These are free or low-cost; found at community colleges, online, or other government programs
Certifications